Much Ado about The Egyptian Pound: Exchange Rate Misalignment and The Path Towards Equilibrium

Source: The Egyptian Center for Economic Studies Author(s): Diaa Noureldin Original Link: http://www.eces.org.eg/Publication.aspx?Id=634&Type=10 Summary: This paper estimates Egypt’s equilibrium real exchange rate and exchange rate misalignment based on economic fundamentals over the period 2001Q3-2017Q3. Focusing on the more recent period, we find that the Egyptian pound was undervalued...

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Services Contribution to Value Chains: Case Study of the Egyptian Ready-made Garments Sector

Source: The Egyptian Center for Economic Studies Author(s): Rama Said and Abdel-Hamid Mamdouh Original Link: http://www.eces.org.eg/Publication.aspx?Id=635&Type=10 Summary: This paper aims at highlighting the role of services in the Egyptian manufacturing sector, with a focus on the ready-made garments industry. By analysing services in the value chains of three case studies, this paper...

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Working Paper- How Do Trade Margins Respond to the Exchange Rate? The Case of Egypt

Source: The Egyptian Center For Economic Studies Author(s): Chahir Zaki, Maye Ehab, Aliaa Abdallah Original Link: http://www.eces.org.eg/Publication.aspx?Id=631&Type=10 Abstract: Using monthly firm-level and sector-level data for the period 2005-2016, this study tries to examine the impact of devaluation on the increase in the quantity of exports, as well as the ability to export new...

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Working Paper- Do Workers’ Remittances promote Consumption Stability in Egypt?

Source: The Egyptian Center For Economic Studies Author(s): Omneia Helmy, Chahir Zaki, Aliaa Abdallah Original Link: http://www.eces.org.eg/Publication.aspx?Id=625&Type=10 Abstract: This paper examines cyclical characteristics of remittances and explores their counterbalancing and consumption-smoothing potential. First, it uses quarterly data to better reflect the shortterm dynamics of...

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Working Paper- Construction Supply Chain, Inter-Sectoral Linkages and Contribution to Economic Growth: The Case of Egypt

Source: The Egyptian Center For Economic Studies Author(s): Mona Esam, Maye Ehab Original Link: http://www.eces.org.eg/Publication.aspx?Id=608&Type=10 Abstract: The construction sector is considered a key sector in the Egyptian economy and a main contributor to economic development, specifically in total employment. This paper examines the construction sector intersectoral linkages and...

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Working Paper- The Nexus Between Internal and External Macroeconomic Imbalances: Evidence from Egypt

Source: The Egyptian Center For Economic Studies Author(s): Omneia Helmy, Chahir Zaki Original Link: http://www.eces.org.eg/Publication.aspx?Id=593&Type=10 Abstract: This paper examines the nexus between internal and external imbalances of the Egyptian economy by testing both the twin deficit hypothesis and the Feldstein-Horioka paradox. Using quarterly data (between 2002 and 2014) in...

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Economic Literature Review- Demand and Supply Challenges of Food Security in Egypt

Source: The Egyptian Center For Economic Studies Author(s): Racha Ramadan Original Link: http://www.eces.org.eg/Publication.aspx?Id=591&Type=26 Overview: Egypt is facing high rates of poverty and unemployment, with 17 percent of Egyptians suffering from food insecurity in 2011. Food insecurity is an important challenge facing the Egyptian government, especially after the 25th of January...

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Economic Literature Review- Energy Security in Egypt

Source: The Egyptian Center For Economic Studies Author(s): Iman Al-Ayouty, Nadine Abdel Raouf Original Link: http://www.eces.org.eg/Publication.aspx?Id=590&Type=26 Abstract: This review paper takes stock of important recent literature on Egypt’s energy economy. It tackles two distinct topics: the first, is liberalizing energy prices in Egypt while analyzing the different pricing...

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Working Paper- The Case for Decentralization as a Tool for Improving Quality in Egyptian Basic Education

Source: The Egyptian Center For Economic Studies Author(s): Laila ElBaradei Original Link: http://www.eces.org.eg/Publication.aspx?Id=589&Type=10 Abstract: The quality of basic education in Egypt is suffering. Despite repeated reform efforts, there are very serious embedded shortcomings. The main question raised by this research paper is to what extent implementing a greater degree of...

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Working Paper- Is Free Basic Education in Egypt a Reality or a Myth?

Source: The Egyptian Center For Economic Studies Author(s): Ragui Assaad, Caroline Krafft Original Link: http://www.eces.org.eg/Publication.aspx?Id=585&Type=10 Abstract: Egypt has made enormous progress in ensuring that students enter school. Yet low school quality and limited learning in school remain persistent problems. The poor quality of schooling and inefficiencies within the...

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Working Paper- Private Tutoring in Egypt: Quality Education in a Dead Lock between Low Income, Status, and Motivation

Source: The Egyptian Center For Economic Studies Author(s): Sebastian Ille Original Link: http://www.eces.org.eg/Publication.aspx?Id=586&Type=10 Abstract: Egypt is facing a major challenge regarding the quality of its primary education. One of the crucial problems of the Egyptian education system is private tutoring. Private tutoring is not to be considered negative per se if it is based...

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